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Best way to change large sums of currency?

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  • 15-08-2011 9:44pm
    #1
    markphillips
    Registered Users Posts: 59 ✭✭


    Hey.

    I am moving to Sweden to do a Masters next week and am having a right headache over the currency exchange situation. Never mind the fact the Euro could collapse at any moment, how can I best exchange around 10000 euro into Swedish Krones?

    I am with Ulster Bank and have their Visa Debit Cards. I checked out their fees for non-Eurozone withdrawals and they are:

    2% of transaction amount. (min €3, max €12) (Charge)
    and
    1.5% of transaction amount (Exchange Rate Transaction Fee)

    I have been told the best way for me to exchange that sum would be in cash in a bank over there, but carrying that much cash makes me squemish.

    Any advice?!


Comments

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    #2
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    Open an account over there and transfer the funds over.

    Talk to someone in your branch to get all the relevant forms.


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    #3
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭Toots


    +1 to what Unclebill98 said. If you arrive over there in a bank with €10k in cash and aren't an account holder, they probably won't change it for you.


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